The Great AI Displacement? Best and worst industries for job growth

🎯 Impact Sentiment: Neutral

📋 Summary

• Exxon Mobil and Chevron told Donald Trump they will not boost oil production, even if he wins the presidency, despite his push for more drilling.
• Both companies stated their focus is on returning cash to shareholders rather than expanding drilling operations.
• Executives believe oil’s future will be shaped more by the global shift to renewable energy than by US political pressure.
• After past experiences with price collapses from overproduction, oil companies remain wary of increasing output and are prioritizing financial stability.

💡 JR Insights

• 💼 Implication: Workers in traditional oil drilling and related supply chains shouldn't expect a boom in hiring or expansion from major producers anytime soon—these companies are sticking to a cautious playbook.
• 🚨 Risk: Anyone banking on old-school oil jobs for stability or resurgence could be left hanging, especially as energy companies reshape themselves around renewables and strict capital discipline.
• ✨ Takeaway: If you’re working in or aiming to enter the oil sector, focus on roles with a future—think renewables, efficiency tech, or finance functions—instead of betting on a ramp-up in US drilling.